1229 S 6th St, Philadelphia, PA 19147
Local realty services provided by:CENTURY 21 The Real Estate Store
1229 S 6th St,Philadelphia, PA 19147
$745,000
- 3 Beds
- - Baths
- 2,864 sq. ft.
- Multi-family
- Active
Listed by: amira coleman
Office: compass pennsylvania, llc.
MLS#:PAPH2589954
Source:BRIGHTMLS
Price summary
- Price:$745,000
- Price per sq. ft.:$260.13
About this home
1229 S 6th Street presents a prime mixed-use investment opportunity in Philadelphia’s highly sought-after Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space and three fully occupied 1-bedroom/1-bath residential units above, generating approximately $61,800 in current annual income (6.6% cap rate) following after rent increases that take effect April 1.
The ground-floor commercial storefront offers strong visibility and steady tenancy. Each residential unit is separately metered and features updated kitchens and baths, hardwood floors, and a consistent rental history, making this a stable, income-producing asset.
Zoned CMX-2, the property allows for flexible mixed-use occupancy and long-term value appreciation. Located just steps from East Passyunk Avenue’s renowned restaurants, cafés, and boutique retail, and within minutes of Center City, public transit, and major highways, 1229 S 6th Street offers investors a turnkey asset in one of Philadelphia’s most desirable and walkable neighborhoods with strong, recently increased rental income and long-term upside potential.
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Home facts
- Year built:1915
- Listing ID #:PAPH2589954
- Added:131 day(s) ago
- Updated:March 10, 2026 at 01:36 PM
Rooms and interior
- Bedrooms:3
- Living area:2,864 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1915
- Building area:2,864 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Straight Thru
- Construction Materials:Masonry
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$745,000
- Price per sq. ft.:$260.13
- Tax amount:$6,996 (2025)
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